May a teacher withdraw money from a 403-b plan before the age of 59-1/2?

cmcmahon · Joined: 02 Apr 2009 Posts: 1 1.28 Dollars($)

I am required to put my unused sick day buyout and insurance opt-out money into a 403-b when I retire at the age of 55. May I withdraw that money without penalty before the age of 59-1/2?

smithsussane · Posted: Thu Apr 02, 2009 7:38 pm Post subject:

Hi cmcmahon!

Welcome to forums!

As far as I know, you will have to pay a penalty if you withdraw money out of your 403-b retirement account before 59-1/2 years of age.

Sussane

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